Tag Archives: ECS

ECS Electronic Clearing Service Questions and Answers

By | August 11, 2015

ELECTRONIC CLEARING SERVICE (ECS) (UPDATED AS ON 12-11-2012) Q.1. What is Electronic Clearing Service (ECS)? Ans : ECS is an electronic mode of payment/receipt for transactions that are repetitive and periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk… Read More »